desirable motors ltd.
desirable motors ltd. Company Information
Company Number
08723699
Website
www.desirablemotors.co.ukRegistered Address
unit 1 dukestown road, sirhowy, tredegar, NP22 4XL
Industry
Sale of used cars and light motor vehicles
Telephone
01495711326
Next Accounts Due
July 2024
Group Structure
View All
Directors
Martyn Vest10 Years
Shareholders
martyn vest 100%
desirable motors ltd. Estimated Valuation
Pomanda estimates the enterprise value of DESIRABLE MOTORS LTD. at £282k based on a Turnover of £1.5m and 0.19x industry multiple (adjusted for size and gross margin).
desirable motors ltd. Estimated Valuation
Pomanda estimates the enterprise value of DESIRABLE MOTORS LTD. at £198.8k based on an EBITDA of £68.5k and a 2.9x industry multiple (adjusted for size and gross margin).
desirable motors ltd. Estimated Valuation
Pomanda estimates the enterprise value of DESIRABLE MOTORS LTD. at £693.2k based on Net Assets of £259.3k and 2.67x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Desirable Motors Ltd. Overview
Desirable Motors Ltd. is a live company located in tredegar, NP22 4XL with a Companies House number of 08723699. It operates in the sale of used cars and light motor vehicles sector, SIC Code 45112. Founded in October 2013, it's largest shareholder is martyn vest with a 100% stake. Desirable Motors Ltd. is a established, small sized company, Pomanda has estimated its turnover at £1.5m with high growth in recent years.
Upgrade for unlimited company reports & a free credit check
Desirable Motors Ltd. Health Check
Pomanda's financial health check has awarded Desirable Motors Ltd. a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 4 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
4 Weak
Size
annual sales of £1.5m, make it smaller than the average company (£2.4m)
- Desirable Motors Ltd.
£2.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 16%, show it is growing at a faster rate (6.5%)
- Desirable Motors Ltd.
6.5% - Industry AVG
Production
with a gross margin of 7.5%, this company has a higher cost of product (11.7%)
- Desirable Motors Ltd.
11.7% - Industry AVG
Profitability
an operating margin of 4.6% make it more profitable than the average company (3.6%)
- Desirable Motors Ltd.
3.6% - Industry AVG
Employees
with 2 employees, this is below the industry average (7)
2 - Desirable Motors Ltd.
7 - Industry AVG
Pay Structure
on an average salary of £31.2k, the company has an equivalent pay structure (£31.2k)
- Desirable Motors Ltd.
£31.2k - Industry AVG
Efficiency
resulting in sales per employee of £752.7k, this is more efficient (£451.8k)
- Desirable Motors Ltd.
£451.8k - Industry AVG
Debtor Days
it gets paid by customers after 94 days, this is later than average (8 days)
- Desirable Motors Ltd.
8 days - Industry AVG
Creditor Days
its suppliers are paid after 27 days, this is slower than average (16 days)
- Desirable Motors Ltd.
16 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Desirable Motors Ltd.
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Desirable Motors Ltd.
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 35.3%, this is a lower level of debt than the average (67.6%)
35.3% - Desirable Motors Ltd.
67.6% - Industry AVG
DESIRABLE MOTORS LTD. financials
Desirable Motors Ltd.'s latest turnover from October 2022 is estimated at £1.5 million and the company has net assets of £259.3 thousand. According to their latest financial statements, Desirable Motors Ltd. has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Other Income Or Grants | |||||||||
| Cost Of Sales | |||||||||
| Gross Profit | |||||||||
| Admin Expenses | |||||||||
| Operating Profit | |||||||||
| Interest Payable | |||||||||
| Interest Receivable | |||||||||
| Pre-Tax Profit | |||||||||
| Tax | |||||||||
| Profit After Tax | |||||||||
| Dividends Paid | |||||||||
| Retained Profit | |||||||||
| Employee Costs | |||||||||
| Number Of Employees | 2 | 3 | 2 | 2 | |||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,640 | 12,876 | 2,154 | 1,875 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 12,640 | 12,876 | 2,154 | 1,875 | 0 | 0 | 0 | 0 | 0 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 67,026 | 74,730 |
| Trade Debtors | 387,909 | 369,471 | 316,826 | 179,321 | 151,216 | 148,324 | 155,079 | 0 | 0 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 8,036 | 7,251 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 387,909 | 369,471 | 316,826 | 179,321 | 151,216 | 148,324 | 155,079 | 75,062 | 81,981 |
| total assets | 400,549 | 382,347 | 318,980 | 181,196 | 151,216 | 148,324 | 155,079 | 75,062 | 81,981 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 104,652 | 131,843 | 122,362 | 112,076 | 105,327 | 111,263 | 140,477 | 67,171 | 78,368 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 104,652 | 131,843 | 122,362 | 112,076 | 105,327 | 111,263 | 140,477 | 67,171 | 78,368 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 36,557 | 46,650 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 36,557 | 46,650 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 141,209 | 178,493 | 172,362 | 112,076 | 105,327 | 111,263 | 140,477 | 67,171 | 78,368 |
| net assets | 259,340 | 203,854 | 146,618 | 69,120 | 45,889 | 37,061 | 14,602 | 7,891 | 3,613 |
| total shareholders funds | 259,340 | 203,854 | 146,618 | 69,120 | 45,889 | 37,061 | 14,602 | 7,891 | 3,613 |
| Oct 2022 | Oct 2021 | Oct 2020 | Oct 2019 | Oct 2018 | Oct 2017 | Oct 2016 | Oct 2015 | Oct 2014 | |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Operating Profit | |||||||||
| Depreciation | 0 | 0 | 0 | 0 | 0 | ||||
| Amortisation | 0 | 0 | 0 | 0 | |||||
| Tax | |||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | -67,026 | -7,704 | 74,730 |
| Debtors | 18,438 | 52,645 | 137,505 | 28,105 | 2,892 | -6,755 | 155,079 | 0 | 0 |
| Creditors | -27,191 | 9,481 | 10,286 | 6,749 | -5,936 | -29,214 | 73,306 | -11,197 | 78,368 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | |||||||||
| Investing Activities | |||||||||
| capital expenditure | |||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | |||||||||
| Financing Activities | |||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | -10,093 | -3,350 | 50,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||
| interest | |||||||||
| cash flow from financing | |||||||||
| cash and cash equivalents | |||||||||
| cash | 0 | 0 | 0 | 0 | 0 | 0 | -8,036 | 785 | 7,251 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 0 | 0 | 0 | 0 | 0 | 0 | -8,036 | 785 | 7,251 |
desirable motors ltd. Credit Report and Business Information
Desirable Motors Ltd. Competitor Analysis
Perform a competitor analysis for desirable motors ltd. by selecting its closest rivals and benchmarking them against 12 key performance metrics.
desirable motors ltd. Ownership
DESIRABLE MOTORS LTD. group structure
Desirable Motors Ltd. has no subsidiary companies.
Ultimate parent company
DESIRABLE MOTORS LTD.
08723699
desirable motors ltd. directors
Desirable Motors Ltd. currently has 1 director, Mr Martyn Vest serving since Oct 2013.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Martyn Vest | United Kingdom | 52 years | Oct 2013 | - | Director |
P&L
October 2022turnover
1.5m
+7%
operating profit
68.5k
0%
gross margin
7.5%
+18.99%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
October 2022net assets
259.3k
+0.27%
total assets
400.5k
+0.05%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
desirable motors ltd. company details
company number
08723699
Type
Private limited with Share Capital
industry
45112 - Sale of used cars and light motor vehicles
incorporation date
October 2013
age
11
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
unit 1 dukestown road, sirhowy, tredegar, NP22 4XL
last accounts submitted
October 2022
desirable motors ltd. Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We did not find charges/mortgages relating to desirable motors ltd..
desirable motors ltd. Companies House Filings - See Documents
| date | description | view/download |
|---|
